A prime development site is hitting the market at Broad and Spring Garden streets, a corridor that has experienced a flood of new projects over the last several years. EB Realty Management Corp. is putting two properties spanning 523-525 N. Broad St. up for sale. The listing comprises a 0.55-acre surface lot in a CMX-4… Read more »
A surface lot planned for the development of a seven-story, 144-unit apartment building in Philadelphia’s Callowhill neighborhood has been acquired for $7.9 million. An affiliate of Patriot Parking Inc. recently sold the 0.46-acre parcel at 1201-15 Callowhill St. to an undisclosed buyer. The property is on the northwest corner of North 12th and Callowhill streets,… Read more »
Pearl Properties has paid $7.5 million to acquire a long-vacant — and controversial — Jewelers’ Row parcel from Toll Brothers Inc. The Philadelphia developer of high-end apartment buildings has not publicly commented on the transaction but property records now show the deal has closed. News of Pearl Properties potentially taking over the site at 702-710 Sansom St…. Read more »
German grocer Lidl has bought the site of a planned warehouse at the Keystone Trade Center in Bucks County for $144.6 million, property records show, another step in the company’s rapid expansion along the East Coast. Lidl purchased the 69 acres from Kansas City, Missouri-based NorthPoint Development, which is building the $1.5 billion, 1,800-acre logistics… Read more »
A three-building, 120-unit development is being proposed on the banks of the Schuylkill River in Manayunk. The mixed-use project is planned for 3900 Main St., just outside of the stretch of shops and restaurants that make up the heart of Manayunk’s commercial corridor. The entire project would total close to 150,00 square feet, including nearly… Read more »
One of Philly’s largest development projects is on the cusp of breaking ground. What’s happening: Hilco Redevelopment Partners (HRP) will begin the initial phase of its multibillion-dollar project in South Philly, dubbed the Bellwether District, in the coming months. The site spans 1,300 acres along the Schuylkill River and is slated to take 10-15 years to complete. Why… Read more »
A New York developer bought three vacant parcels in the heart of Philadelphia’s Walnut Street retail corridor and plans to build a luxury high-rise residential tower. Brooklyn-based Brookliv has acquired the properties at 1706, 1708 and 1710 Walnut St., a block away from Rittenhouse Square. The parcels, currently rubble, are in Center City’s commercial mixed-use district… Read more »
One of the nation’s largest student housing developers and investors plans to build its second project near two Philadelphia universities. Rendering of The Mark rising near the University of Pennsylvania in Philadelphia. (Landmark Properties) Landmark Properties announced Thursday that a new 363-unit tower called The Mark will rise 34 stories within a few blocks of the University… Read more »
After years of sitting vacant, the Jewelers’ Row site of Toll Brothers Inc.’s planned condominium project could have a new future its neighbors view as a step in the right direction. The property, at the southwest corner of Sansom and South 7th streets, is being sold by Toll Brothers (NYSE: TOL) to Philadelphia luxury apartment… Read more »
Despite already existing congestion on Center City streets at rush hour, the Philadelphia 76ers believe the area’s transportation system doesn’t need upgrades to accommodate the franchise’s proposed arena. The $1.3 billion arena, planned to open in 2031, would be on Market Street between 10th and 11th streets at the site of the Fashion District. It would… Read more »
